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Risk Quotes

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Risk Quotes

“If for you the most important thing is to make a lot of money, then you don't want to take a certain type of risk. If, on another hand, the most important thing to you is to make people around you have a more fulfilled life, then there is a different set of things that are important to you. Unless you really know that about yourself, you will never be able to appropriately assess risk.”

“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”

“How often do our heroes stand still? It's hard to imagine Spock and Kirk landing on a planet and just relaxing for a month or two. Just hanging out has nothing to do with boldly going where no one has gone before. What makes us different from every other creature is that we go places, places we've not gone before. We do it willingly, and often. What makes our work and our life interesting is discovery, surprise, and the risk of exploration.”

“In my role as Wikileaks editor, I've been involved in fighting off many legal attacks. To do that, and keep our sources safe, we have had to spread assets, encrypt everything, and move telecommunications and people around the world to activate protective laws in different national jurisdictions.”

“If I were a buyer today in one of the American department stores, I would go with extremes-the most beautiful, the more expensive, the more eccentric. I would take risks. The worst thing would be to buy only the little black dress. You know why? Because everyone has it already. I would go with a purple dress, something different”

“My son is the reason why I write music. He's the reason why everything is different for me. Because when he came into the picture, my priorities changed. I can risk possibly being incarcerated because the only person pays for it is me. I know that if I'm not physically available to take care of him, nobody else will. I want to have the relationship with him that me and my father never had.”

“Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That's what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product.”

“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.”

“When people in organizations feel too secure, it's because there aren't any significant outcomes as a result of what they do. Whatever you do, nothing much different happens. This also means there are no important pay-offs if you risk by innovating. As there are no rewards for taking risks, then there's no sense of push in that institution's culture.”

“The model we established was to give creative people complete creative freedom in exchange for betting on themselves, so they work for the minimums you're allowed to work for, and if the movies work in a big way, everyone does very well. If the movies don't, nobody loses too much money. The benefit to doing all the movies low budget is we can tell different types of stories and take creative risks. The Purge would have been irresponsible to do for $20M, but to do it for $3M makes sense.”

“The risk is only in the outcome. You're going on a journey. You're going somewhere to play. And at that time, it felt right to spend that 11 or 12 days exploring this kind of role because it was so different and so challenging for me. It was really exciting to be able to show people, "Look, this is very different. Isn't it interesting?"”

“Below, we itemize some of the quite different lessons investors seem to have learned as of late 2009 - false lessons, we believe. To not only learn but also effectively implement investment lessons requires a disciplined, often contrary, and long-term-oriented investment approach. It requires a resolute focus on risk aversion rather than maximizing immediate returns, as well as an understanding of history, a sense of financial market cycles, and, at times, extraordinary patience.”

“The people who know God well - the mystics, the hermits, those who risk everything to find God - always meet a lover, not a dictator. God is never found to be an abusive father or a tyrannical mother, but always a lover who is more than we dared hope for. How different than the "account manager" that most people seem to worship. God is a lover who receives and forgives everything.”

“Scientists are telling us that 350 parts per million [of carbon] in the atmosphere is the upper limit. We're at 387 parts per million now, and we're up in that zone where the risk of going past irrevocable tipping points is elevated. It's no different than going to a doctor and learning your cholesterol is too high, and you're at risk for a heart attack. You have to work to lower your cholesterol and hope to get there before the heart attack comes.”

“I was also writing in a tradition and trying to do something different with it, something that hadn't necessarily been done before, which was a risk, but it made it interesting. My relationship with food has been complicated and rocky and not always wonderful, and it's a lens through which my entire life and identity are refracted.”

“I certainly think so, and I argue so, and I give talks on that. Are there risks by putting people together? Absolutely. Is there value in the black church? Absolutely. Is there value in having immigrant churches? Absolutely. But if we don't have congregations gathering with people of different races, what we're doing is we are redefining racial division, a racial inequality.”

“The crucible is a dividing line, a turning point, and those who have gone through it feel they are very different from the way they were before. Believing that they have been transformed or have transformed themselves, those who survive the crucible (and many don't) are more confident, more willing to take future risks. That new self-confidence is grounded in the belief that he or she has done something hard and done it well.”

“Macroeconomic stability will be more elusive and that will affect all of our lives: from the risks many will face in childhood, to the security of employment at working age, to the challenge of accumulating for retirement. More financial instability will introduce more uncertainty all down the line, and that will be a very different world than the one we would have lived in only a couple of decades ago.”

“I think you do have to attend to the sort of core values of film, which is that the audience wants to have a relationship with the characters, they want to understand what's going on there. There are certain things that comics can have a little bit more freedom in then when you're asking an audience to engage in it as a piece of cinema, but I do feel like the canvas is much bigger and wider and that we're being invited and frankly challenged to take risks, to be a little bit different. And that's fun, that's exciting.”

“When you raise the budget, you make creative compromises. The higher the budget goes, the more cuts in your movie happen. When people talk about how movies are watered down, that's a direct reflection of money and budget. The less money you spend; the more risks you can take. That doesn't mean it will be successful, but at least you can try different stuff. The higher your budget is, the less you can do that.”

“I learn more about how to run a set teaching six-year-olds. You go into a classroom as a teacher, and the most important work you do is create an infrastructure and an environment that's safe, in which children will feel able and free to take risk. Working with actors, you have to establish the same thing. Teaching a class is not so different than mounting a production.”